Reference no: EM132254021

1. Which of the following statements about types of economies is true?

A) An organization's large size often creates economies of scope but not scale economies.

B) An organization's large size often creates scale economies but not economies of scope.

C) An organization's large size often creates scale economies and economies of scope.

D) An organization's small size often creates scale economies but not economies of scope.

E) An organization's small size often creates scale economies and economies of scope.

2.  Bianca is CEO of That Special Something, a chain of fifteen, upscale gift shops in the western United States. She wants to expand her profits, and keep customers in the store for longer periods of time, by adding a small coffee and dessert shop to each store. With this in mind, Bianca is considering partnering with another company. Of the five candidates under consideration, the best choice would be the company

A) with a go-with-the-flow attitude and a goal to turn a $2 million profit by the end of the first year.

B) run by a CEO who insists on keeping full control of the coffee shops' marketing, staffing, and other elements.

C) that wants Bianca to handle all aspects of management related to the in-store coffee shops.

D) that specializes in gourmet coffee and treats and is interested in helping host after-hours dessert and shopping events.

E) that offers coffee and baked goods at the lowest price, with an emphasis on maximizing profits and customer turnover.

3. Helios, Inc., is a new startup specializing in retrofitting existing commercial buildings with affordable solar energy panels. The company is growing quickly and needs to fill about 20 junior and senior staff positions over the next few months. Their main goals at this stage are to increase brand awareness and to maximize the return on the time they invest in recruiting candidates. They also want the hiring process to be cost effective. Finally, they are looking to attract non-traditional candidates, not necessarily only those with business and science backgrounds. The founders, Brianna, Nick, and Vinh, meet with team mangers to discuss the best strategy for locating outstanding new hires. Which option makes the most sense given their current goals and restrictions?

A) posting a job ad on the company's Facebook page to alert people to the various openings

B) attending the local university's career fair, which will yield a large pool of educated job-seekers

C) taking out ads on several online job boards like Indeed.com, Monster.com, and GlassDoor

D) using LinkedIn to search for potential candidates and then contacting those people directly

E) having current employees network among their contacts and make qualified referrals